Here's how you can effectively negotiate in the oil and gas field.

Negotiation is an art and science! it is based in splitting the in a fair way (win-win). To enter into a negotiation one should establish their BATNA (Best Alternative To A Negotiated Agreement), try to know the negotiating party (their drivers, objectives etc.) Psychology is very important so keep calm and be neutral it is not about you and them, it is about the fairness of splitting the pie! Always have a plan B! Negotiation can be a marathon so do not show all your cards at once!

Negotiation results are mainly dependent on capability and strength of both side. The result of negotiation should be considered as first step for proceeding the whole targets.

Effective negotiating in the oil and gas industry is primarily reliant on relationships. Cultivating a strong network is essential for getting valuable insights and receiving support. By cultivating true relationships with stakeholders, you have access to insider information and allies who can positively impact negotiations. Strategically using these relationships can help you improve your bargaining position and get better results. Remember that in this field, it is important to know not just what you know, but also who you know.

Absolutely, understanding your value in the oil and gas sector is vital for successful negotiations. Here are some detailed steps to help you: 1. Research Industry Standards. 2. Evaluate the Project or Deal Value. 3. Assess Your Unique Skills and Experience. 4. Prepare Your Case. 5. Stay Informed and Updated. By following these steps, you can approach negotiations with confidence, armed with the knowledge that underscores your worth.

you need to research the market and understand the factors that affect the supply and demand of the products or services you are buying or selling. What are the trends, opportunities, and risks in the market? How do they impact the vendor's costs, margins, and value proposition? How do they affect your budget, priorities, and alternatives? By having a clear picture of the market dynamics, you can better assess your own and the vendor's strengths and weaknesses, and identify areas of alignment or conflict

Staying informed about the broader industry context is indeed critical when negotiating in the oil and gas sector. Here’s how to ensure you’re prepared: 1. Monitor Supply and Demand Trends. 2. Stay Informed on Geopolitical Events. 3. Understand Regulatory Changes. 4. Analyze Market Reports. 5. Engage with Industry Networks. 6. Leverage Market Intelligence in Negotiations. By integrating these elements into your preparation, you’ll be better equipped to navigate negotiations effectively and align your arguments with the prevailing industry context.

Also to be clear with yourself about what you need to.. do you need more tome with family?? Do you need more income?? Do you need more experience and exposure to challenges?? As it is hard to have it all

The oil patch is a tight community. Socialize and build your network, and never burn bridges as you will likely cross paths again.

Its also important to understand if you have a gap in your resume due to the market changes you need to be flexible to get back on track and appreciate the opportunity